d News | Strathmore Accountants

Tell HMRC if your company is dormant

If a company has stopped trading and has no other income, then the company is usually classed as dormant for ...

Reclaiming VAT

For most fully taxable businesses, VAT can be reclaimed on goods and services used in the course and furtherance of ...

Paying staff on jury service

If you have staff that have been called up to serve on a jury, then you must allow them the ...

Tax Diary May/June 2022

1 May 2022 - Due date for corporation tax due for the year ended 30 July 2021. 19 May 2022 ...

Demergers

There are special statutory demerger provisions that are designed to make it easier to divide and place into separate corporate ...

Planning for Basis Period reform

The basis period reforms will change the way trading income is allocated to tax years. The reforms will change the ...

Basic principles of domicile

Domicile is a general legal concept which in basic terms is taken to mean the country where you permanently belong ...

Tax-free mileage expenses

If you use your own vehicle for business journeys, then you may be able to claim a tax-free allowance from ...

Dividend tax increase from 6 April 2022

A reminder that the 1.25% increase in NIC contributions that came into effect on 6 April 2022 are reflected in ...

Asset disposals not subject to Capital Gains Tax

Capital Gains Tax (CGT) is a tax on the profit made from selling certain assets such as property, shares or ...

When does a partnership exist?

A partnership is a relatively simple way for two or more legal persons to set up and run a business ...

NIC relief if employing veterans

A new National Insurance Contributions (NICs) holiday for employers who hire former members of Her Majesty (HM) armed forces came ...